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UK punters to gamble £10 million on the US Presidential Election

Over £10 million are expected to be gambled on US Presidential Election in the United Kingdom alone.

UK punters to gamble £10 million on the US Presidential Election The open nature of the race for the White House has encouraged political gamblers to bet record amounts on its outcome: "£10 million will be gambled on the outcome of this Presidential race - a new record for non domestic political betting" said William Hill spokesman Graham Sharpe.

 William Hill cannot split Hillary Clinton and Barack Obama as likely winners of the next caucus, in New Hampshire. Hills offer 5/6 that Hillary will come out on top - and the same odds, 5/6 that Obama will claim his second consecutive victory over the former President's wife. They are 16/1 that John Edwards will defeat both of them. Hills make John McCain 2/7 favorite to win the Republican contest in New Hampshire, with Mitt Romney 5/2 and both Giuliani and Huckabee 20/1 outsiders. Hillary Clinton is 4/6 favorite to end up winning the Democratic nomination with William Hill who make Barack Obama 6/5 with John Edwards 14/1 and Al Gore, not yet a runner, 25/1.

 Giuliani and McCain are 9/4 joint favorites for the Republican nomination with Hills who also offer 7/2 Huckabee; 10/1Paul; 16/1 Thompson. After failing to emerge on top in Iowa, Hillary Clinton has been lengthened from 5/6 odds-on favorite to 11/8 odds-against favorite with William Hill to win the US Presidential Election, with Iowa winner Barack Obama cut from 4/1 to 9/4 second favorite. Hills then offer 7/1 Rudolph Giuliani;8/1 John McCain; 12/1 from 14/1 Mike Huckabee who came out as top Republican in Iowa; 16/1 Mitt Romney; 20/1John Edwards; 25/1 Ron Paul; 50/1 Fred Thompson. "This is the original marathon rather than sprint contest, in which early front-runners are not always still in contention towards the end of the event" said William Hill spokesman Graham Sharpe. "George Bush and Bill Clinton started badly here but went on to win."

 Published on 01/06/2008

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